Health & Wellbeing News

Basic cover is an essential part of the complex private health insurance market, and a product of high value to those who use it. Despite that fact, it has come under fire in the media recently with some industry commentators questioning it's value.

Over 13.5 million Australians have some form of private health insurance, Australian Prudential Regulation Authority (APRA) data shows. That's well over half the population, a coverage level far better than many other advanced nations like New Zealand, the UK and Ireland.

Statistics on employee retention issues in Australia aren't pretty. In fact, employee turnover averages at 16 per cent every year and almost half of upper management believe that number is far too high.

Pouring money down the metaphorical drain is the worst nightmare of most business owners. That's why before starting any new initiatives to improve your business you should be sure that they'll make a positive difference - corporate health insurance in Australia is no exception.

But it can be tough to know what questions to ask when buying corporate health insurance, and to figure out what's really important.

It's a phrase thrown around so often that it loses meaning, but it's also an essential factor of any business's success. A recent OKI study found that 78 per cent of businesses intend to implement new initiatives to improve cost efficiency in the next year. Are you looking to do the same? How can you get started?

Articles, opinion pieces and statistics about Australia's brain drain flood the internet and intermittently appear on back covers of our nations most respected newspapers. It's certainly a topic of hot contention, but is it a real concern for Australian businesses?

There's no doubt health insurance premiums are a necessary cost for millions of Australians. In fact, a total of 13.5 million people have health insurance in our country, according to the most recent statistics provided by the Australian Prudential Regulation Authority (APRA).

That's why it's such exciting news that a new initiative by the Government could put downward pressure on premium increases in 2017 and beyond. We've had a closer look.

The way we work and live is quickly changing. We spend more and more time sitting still, staring at computer screens at work or televisions at home, and unsurprisingly our workforce's physical and mental health is declining as a result.

Wise men say that the most important thing you have in life is your health. That's why it's so shocking that Australian Prudential Regulation Authority data shows only 47 per cent of Australians have health insurance policies that cover general hospital treatment.

Businesses searching for methods of improving their bottom line and solving their problems need only improve the health of their employees. Time and time again, research has proved that doing so has countless benefits and yet it's rarely the priority.

The following problems are just a few that you could solve as a result of adopting a tailor-made corporate health insurance plan and increasing your focus on employee health.